Benedicte Gravrand, Opalesque Geneva:
Two London-based companies, J8 Capital Management LLP and Pairstech Capital Management LLP, are launching the J8 Futures Fund, a CTA managed futures fund domiciled in Malta, in October 2012. The fund is open to Qualifying Investors with a minimum investment of $75,000 and will be marketed globally to institutional investors and high net worth individuals.
The fund employs long and short proprietary algorithmic trading strategies in liquid futures and forwards and other derivatives. It invests in the global markets of commodities, equity indices, equity index volatility, interest rates, government bonds, and currencies. The portfolio is risk weighted and applies leverage control with a target volatility mechanism.
The back-tested portfolio outperformed long-only benchmark indices, having annualised 22% (net) from June 1991 to June 2012 (253 months), with a volatility of 11.5%. During the same period, the S&P 500 Index returned 6.4% and the S&P Goldman Sachs Commodity Index Total Return returned 3.23%.
The J8 Futures Fund is managed by Pairstech Capital and represented by J8, which also provides risk management services to the fund. Tillman Sachs, PhD is a fund partner with Pairstech and the founding partner of J8. Before founding J8 this year, Sachs, a German national, was a Vice President with Barclays C......................
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